Data as of Oct 28, 2026.
AIRR vs BWET: Differences, Returns & Fees
Over the year to Oct 28, 2026, AIRR returned −0.2% to BWET's +5,121.7%, and AIRR charges 0.69% to BWET's 4.68%.
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Net assets: $8.4bn on Oct 27, 2026 for First Trust RBA American Industrial Renaissance ETF, and $178m on Oct 28, 2026 for Breakwave Tanker Shipping ETF.
Pair scorecard
AIRR costs 3.99 points a year less; their one-year returns differ by 5121.9 points; AIRR is far larger, $8.2bn against $186m.
| Measure | AIRR | BWET |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.2% | +5,121.7% |
| Drawdown | ||
| Below its all-time high | 25.5%, high on Jun 22, 2026 | |
| Below its high | 11.2%, high on Oct 8, 2026 | |
| Against its benchmark | ||
| What it tracks | Reshoring and manufacturing | Tanker freight futures |
| Against the S&P 500, 1 year | behind by 13.9 pts | |
| Against its benchmark, 1 year | behind by 13.9 pts | |
| Cost and size | ||
| Expense ratio | 0.69% | 4.68% |
| Net assets, as of Oct 26, 2026 | $8.2bn | $186m |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | not published | |
| In the S&P 500, by weight | 15% | |
| Top ten holdings, share of the fund | 33% | |
Side by side
AIRR and BWET on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
By weight, 15% of AIRR's portfolio is stocks that are also in the S&P 500, from its filing for Jun 30, 2026; its active share against the S&P 500 is 100%.
The top ten holdings are 33% of the fund across 55 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −0.2% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 13.9 pts. It sits 25.5% below its all-time high of Jun 22, 2026.
Its expense ratio is 4.68%, for the year to Jun 30, 2026, as its 10-K states.
BWET holds tanker freight futures. Over the year to Oct 28, 2026 it returned +5,121.7% with distributions reinvested. It sat 11.2% below its high of Oct 8, 2026 on Oct 28, 2026.
Questions people ask
- Are AIRR and BWET in the same category?
- AIRR is a thematic ETF and BWET is a commodity ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, AIRR or BWET?
- In the year to Oct 28, 2026, with distributions reinvested, AIRR returned −0.2% and BWET +5,121.7%.
- Which is cheaper, AIRR or BWET?
- AIRR is cheaper, by 3.99 percentage points a year. That is about $399 on $10,000 held for a year. Fees come from each fund's own filings.
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ETFIQ, AIRR against BWET, data as of Oct 28, 2026. https://etfiq.com/compare/any/airr-vs-bwet
ETFIQ. (Oct 28, 2026). AIRR against BWET. Retrieved from https://etfiq.com/compare/any/airr-vs-bwet
[AIRR against BWET (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/airr-vs-bwet)
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